Over the past 3 years, the word “inflation” has dominated the headlines. In the current environment, there seems to be some confusion among investors and consumers regarding this term and what is happening. Therefore, we thought it would be a good idea to go over some of the key “flation” terms and clarify what each means and where we are today.
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For most, achieving financial success isn’t about picking the right stock, saving to the right account, or even finding the perfect advisory firm. Financial success is most often achieved through discipline, intention, and consistency.
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Join Erin Campbell, CPA/PFS, CFP®, in this insightful webinar as she explores key tax planning strategies to prepare for 2025. Erin covers a range of essential topics, including the latest outlook on tax law, maximizing retirement plan contributions, the importance of Roth IRAs, and optimizing charitable contributions.
Read MoreCheck out this recent webinar where Chip, John, and Beacon's newest team member Dave sit down to discuss key topics in the investment markets throughout 2024, share valuable insights, and discuss the outlook for 2025.
Read MoreTarget Date funds have grown in popularity over the last decade especially inside employer benefit plans such as 401Ks. On the surface, they all seem to be exactly the same. First, you pick your fund based on your anticipated retirement date. Then you let the manager handle the rest – they utilize their glide path and make the portfolio more conservative as you approach retirement. While true, behind the scenes there are subtle differences that investors should be aware.
Read MoreAs the year winds down, it is always a good idea to review your tax situation to determine if there are ways to reduce your tax liability or take advantage of financial planning opportunities that may exist. Here are several items that may warrant consideration prior to the end of the year.
Read MoreAs we close out 2024, it is a good time to think ahead about the coming year. Below are the 2025 Income tax brackets for all taxpayers.
Read MoreAs we celebrate Beacon’s 20th anniversary, we’ve spent time reflecting on how far we’ve come. A lot has changed over the years, and our evolution has been remarkable.
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Since 2001, individuals over the age of 50 have been allowed to make "catch-up" contributions to their 401(k) plans, IRAs, and Roth IRAs. This provision was designed by Congress to give those nearing retirement the opportunity to boost their savings in tax-advantaged retirement accounts. Now, starting in 2025, new legislation will extend these opportunities even further.
Read MoreSince 2004, much has changed, but one thing has remained constant: our unwavering commitment to helping our clients. As we’ve matured and experienced life’s ups and downs ourselves, we’ve come to truly appreciate the value of the advice Beacon provides and the difference it makes for our clients.
Read MorePlacing a security freeze on your credit with each agency is the only way to prevent someone from obtaining credit in your name without your consent. Here we discuss how to execute a credit freeze and the drawbacks to this strategy.
Read MoreOne area that often sparks debates in the financial arena is pet insurance. Is it a necessary investment, or can you afford to self-insure? When I got my dog, Penny, I was torn on whether pet insurance would be right for us. Penny is my first dog and we got her when she was just 8 weeks old. I quickly found out how much of a financial commitment she was going to be once we brought her to our vet for the first time. Shots, exams, spay… It was adding up quickly.
Read MoreThe current tax code is set to expire in 2026. The article shows what has happened with tax rates since 2016 and what is scheduled to happen going forward until 2030. There are some notable changes beginning in 2026.
Read MoreIn 2020, the SECURE Act changed the distribution requirements for non-spousal beneficiaries of IRAs. The new rules are fairly complicated. We will review the rules and discuss the options and opportunities to optimize the tax impact of these inherited IRA distributions.
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Many underestimate their understanding of basic financial matters, leading to a lack of confidence and possibly anxiety. In reality, there is really just one simple “secret formula” that people who are financially successful do—they Pay Themselves First.
Read MorePortfolio rebalancing is an integral part of the investment management process. On this episode of Finance In A Flash, Chip and John sit down to talk about the concept of rebalancing and discuss the benefits of implementing a portfolio rebalancing strategy.
Read MoreChip and John sit down to discuss some of the highlights from Beacon’s most recent investment committee meeting!
Read MoreAre you the type of person who celebrates your personal victories? According to a number of psychological studies, celebrating victories—even the small ones, has an extremely positive impact on a person’s sense of happiness and well-being.
Read MoreAre you faced with the task of helping aging parents with their finances? Here are some helpful ideas to make the process more manageable.
Read MoreAre you in the process of evaluating, or considering a move into a retirement community? We have found that when it comes to choosing a retirement community, those who are happiest and most confident with their choice are those who carefully consider both the financial and non-financial aspects when making their decision.
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